AAAA vs. CLSM

Last updated Jun 25, 2026

AAAA (Amplius Aggressive Asset Allocation ETF) and CLSM (Cabana Target Leading Sector Moderate ETF) are both exchange-traded funds - AAAA is a Diversified Portfolio fund actively managed by Amplius, while CLSM is a Tactical Allocation fund tracking the Actively Managed. AAAA is actively managed, while CLSM is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. AAAA charges 0.49%/yr vs 0.82%/yr for CLSM.

Performance

AAAA vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplius Aggressive Asset Allocation ETF (AAAA) and Cabana Target Leading Sector Moderate ETF (CLSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAAA achieves a 10.05% return, which is significantly lower than CLSM's 15.97% return.

AAAA

• 1D: -0.13%
• 1M: -0.44%
• YTD: 10.05%
• 6M: 8.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLSM

• 1D: -0.54%
• 1M: -0.84%
• YTD: 15.97%
• 6M: 14.14%
• 1Y: 27.22%
• 3Y*: 13.11%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAAA vs. CLSM - Yearly Performance Comparison

	2026 (YTD)	2025
AAAA Amplius Aggressive Asset Allocation ETF	10.05%	10.11%
CLSM Cabana Target Leading Sector Moderate ETF	15.97%	8.12%

Correlation

The correlation between AAAA and CLSM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.91

Return for Risk

AAAA vs. CLSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAAA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CLSM

CLSM Risk / Return Rank: 71
CLSM Sharpe Ratio Rank: 70
CLSM Sortino Ratio Rank: 65
CLSM Omega Ratio Rank: 70
CLSM Calmar Ratio Rank: 72
CLSM Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAAA vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplius Aggressive Asset Allocation ETF (AAAA) and Cabana Target Leading Sector Moderate ETF (CLSM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAAA	CLSM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.63	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	3.22	—
Martin ratio: Return relative to average drawdown	—	12.49	—

Drawdowns

AAAA vs. CLSM - Drawdown Comparison

The maximum AAAA drawdown since its inception was -7.83%, smaller than the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for AAAA and CLSM.

Drawdown Indicators

	AAAA	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-7.83%	-27.77%	+19.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.60%	—
Current Drawdown Current decline from peak	-2.62%	-4.09%	+1.47%
Average Drawdown Average peak-to-trough decline	-1.05%	-16.33%	+15.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.18%	—

Volatility

Volatility by Period

	AAAA	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	13.92%	-2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.84%	12.70%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.84%	12.70%	-0.86%

AAAA vs. CLSM - Expense Ratio Comparison

AAAA has a 0.49% expense ratio, which is lower than CLSM's 0.82% expense ratio.

Dividends

AAAA vs. CLSM - Dividend Comparison

AAAA's dividend yield for the trailing twelve months is around 0.81%, more than CLSM's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021
AAAA Amplius Aggressive Asset Allocation ETF	0.81%	0.79%	0.00%	0.00%	0.00%	0.00%
CLSM Cabana Target Leading Sector Moderate ETF	0.77%	0.90%	2.13%	2.58%	3.17%	0.59%

Frequently Asked Questions

Can I hold both AAAA and CLSM in my portfolio?

With a correlation of 0.91, AAAA and CLSM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, AAAA or CLSM?

On fees, AAAA is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAAA or CLSM?

AAAA is cheaper with a 0.49% expense ratio, compared with 0.82% for CLSM.

Which ETF pays a higher dividend yield, AAAA or CLSM?

AAAA has the higher dividend yield at 0.81%, compared with 0.77% for CLSM.

What is the main difference between AAAA and CLSM?

AAAA is categorized as Diversified Portfolio, while CLSM is Tactical Allocation. They also come from different issuers: Amplius and Cabana. Their fees differ too: 0.49% for AAAA and 0.82% for CLSM.